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Property profile & analytics
OFF-MARKET
Estimated value
$2,030,000
Industrial properties
1220 Industrial Way, Union Gap, WA 98903-9567
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0921660
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
METAL FRAME
Total area
12,360 SF
Lot
2.26 ac (98,446 SF)
Zoning code
LI
APN
181202-44424
UPID
US90-0921660
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$2.03M
Owner & transaction history
Cwrv II Ll · 3 yrs held
Cwrv II Ll
since 2022
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
LI · Union Gap, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+18.9%
Office building
$2.3M
+14.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Union Gap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union Gap submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,255,000
ML approach
$2,180,000
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,505,000
7%
$1,400,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,015,000
Current use
MEDICAL BUILDING
$2,395,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$2,305,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$1,680,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$2.03M
Range $1.83M – $2.23M · ±10% · vs last sale $2.05M (Oct 7 2022)
Last sale anchor
$2.05M
Oct 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$164 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,049
Tax year 2024
Assessed value
$870,500
Assessed 2024
Previous assessed
$705,700
+23.4% YoY
Effective rate
0.69%
On assessed value
Assessed land
$294,900
Assessed improvement
$575,600
Land market value
$294,900
Improvement market value
$575,600
Total market value
$870,500
Applied tax rate
300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
METAL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Total area
12,360 SF
Lot
2.26 ac (98,446 SF)
Zoning code
LI
APN
181202-44424
UPID
US90-0921660
Jurisdiction
YAKIMA
Zoning & alternative use
LI · Union Gap, WA
Zoning LI · permitted uses
LI · Union Gap, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Union Gap. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Cwrv II Ll
Individual
Mailing address
913 S 18TH ST, YAKIMA, WA 98901-3672
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
$2,046,416
Cwrv II Ll
Dit Investments LLC
Warranty Deed
$1,395 · Djt Investments LLC
Feb 29, 2008
—
Djt Investments LLC
Odman,delbert & Patricia
Quit Claim Deed
related
$480,000 · Key Bank & Trust
Dec 17, 2007
$640,000
Delbert Odman
Tr Leasing LLC
Warranty Deed
$480,000 · Tr Leasing LLC
Sep 19, 2007
—
Tr Leasing LLC
Rupel,thomas R
Quit Claim Deed
related
—
Jan 28, 2005
—
Thomas R Rupel
Rupel,delores A
Quit Claim Deed
related
—
Mar 25, 1999
$126,010
Thomas R Rupel
Glaspey/ahtanum LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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